Jack Solowey and Jennifer J. Schulp
Yesterday, the Securities and Exchange Commission (“SEC”) announced a settlement with centralized crypto exchange Kraken over its “staking‐as‐a‐service program.” The service allowed users to earn rewards by indirectly participating in a process that helps to maintain and secure certain cryptocurrency networks. The SEC alleged that Kraken’s staking service constituted the illegal offer and sale of unregistered securities.
In essence, the SEC’s complaint contains two main allegations... Читать дальше...